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counterparts from china, as well japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the country. before the first test in april, officials in pyongyang said the 30-meter, three-stage rocket was meant to carry a satellite. but japan, the united states and south korea said the launch was in fact a ballistic missile test. the test ended in failure with the rocket exploding in midair two minutes after liftoff. it broke into more than ten pieces and fell into the ocean. analysts say north korea's young leader kim jong-un wants to correct this failure before his first anniversary of his father's death on december 17th. kim may also be trying to consolidate his power base by showing his dedication to a may 31st policy. kim has also vowed to develop north korea's economy. >> tr
its territory. an airplane from china's maritime authorities intruded into japan's airspace over the senkaku islands. that's in the east china sea. jets were scrambled to the scene. japan controls the senkaku islands, china and taiwan claimed them. the japan coast guard says one of its vessels spotted the plane thursday morning and reported it to japan's defense ministry. it was about 15 kilometers south of the uotsuri islands. part of the senkaku island chain. the minister says eight f-15 fighters from the air self defense force based in okinawa were dispatched in response. but when they arrived the chinese plane had already left japanese airspace. the coast guard photo of the chinese aircraft shows letters on the plane's body indicating it belongs to china's state oceanic administration. the defense ministry says this was the first such intrusion by a chinese aircraft since the self-defense forces began keeping records. the coast guard says the plane was initially spotted around 10:40 a.m. local time. coast guard officials confirmed the intrusion at 11:06 and the plane moved ou
would not yield in territorial fight with china and would increase defense spending if necessary. at the same time, he said he would do more to mend economic ties. he said if deflation persists he might delay the hike in the consumption tax. he has piled the pressure on the central bank to do more to ease monetary policy. he has said the government policy of phasing out nuclear power by the 2030s is unrealistic and irresponsible. >> so how about all these new parties that we're hearing about? >> well, voters who are tired of the establishment could support what are known as the third force. former tokyo governor shintaro ishihara leads the restoration party. its candidates are asking voters why they would return power to the ldp simply because they are dissatisfied with the dpj. restoration party candidates promised that they would change japan fundamentally. they have attracted followers with promises to lessen the role of government and promote more free-market competition. but, you know, we are only on day one, so we are going to have to wait and see how all these factors play
for his administration. nhk world, tokyo. >>> china is building up its military presence in the asia pacific region. the question is how southeast asian countries will need with the neighbor's growing clout. we have details on different positions two countries are taking on china. >> nhk has obtained information that sheds light on the stances they are taking on china and we start with the philippines which is stationing marines on the spratly islands. nhk world reports. >> reporter: the philippines and china and malaysia and brunei claim sovereignty over all or some of the spratly's, high ranking military officers say their country has started to deploy marines in nine islands and shoals since september. the country had already stationed naval officers there. the military says personal numbers have almost doubled on some of the islands. before the deployment, the marines underwent training on protecting the islands and been equipped with upgraded weapons. philippines began expanding its military facility on the island to accommodate equipment and personnel for drills and other opera
from china as well as japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. >>> south korean foreign minister kim sung hwan has criticized north korea for spending more than $500 million on missile development. kim told a parliamentary committee that north korea is believed to have spent $400 million to build the tongchang-ri launch site and another $150 million for a missile plant outside pyongyang. unification minister yu woo-ik said the north has scheduled its next launch around the anniversary of the death of kim jong-il to enhance the authority of his son and successor, kim jong-un. yu said the north is also working to improve the reliability of its missile technology. >>> a highway operator in tokyo area has discovered a potential maintenance problem in one of its road tunnels near haneda airport. inspections by the metropolitan expressway company found one of the large rods used to hold up the tunnel's ceiling was broken. the emergency check comes three days after an expressway tunnel ceiling collapsed in yamanashi prefe
in the field of science and technology. >>> china's new communist party leader has gone on his first tour since assuming the post last month. he's promising to carry on with the reforms of his predecessors. state-run china central television reported on xi's five-day trip. he laid flowers last saturday at the statue of the late leader. he said he'll push forward with reforms and with opening up china. xi appears to be following in dong's footsteps. the former leader visited the province 20 years ago and preached about accelerated reforms and more openness. >>> bankers are going through some troubled times these days. dirty money, bank rates manipulated, insider trading. ai joins us now from the business desk. ai. >> catherine, thanks. it seems bankers were a little too lax with their bankers. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to
such as china help keep labor costs low but demands for better treatment is rising and singaporians are struggling to agree on a response. nhk world's mark ho has this report. >> reporter: 171 chinese bus drivers wept on strike last month. they were unhappy over a disparity in pay rise compared to other workers. the walkout was the first in 26 years in singapore which has soviet rules against industrial action. >> translator: i hope the company will grant our request. if they don't, we will have to consider taking further steps. >> reporter: the government's response was swift and strong. 29 chinese strikers were deported. five leading members were arrested. one received a six-week prison sentence. the rare instance of labor and rest grabbed public attention. >> the whole thing that's happening with the chinese, it is kind of like, you know, freak thing that happened. >> reporter: singapore's 5.3 million residents, low-wage foreign workers account for one in six people. workers from china have been favored for their low-wage demands. they also share cultural heritage with singaporia
exchanging views with ambassadors from japan, the u.s., china and russia. she has already started moving to form her government. she'll meet with members of the present administration to go over issues. a transfer commission will finalize her policies. then in february she'll officially become the first woman in south korea to be president. >>> voters in south korea thought about the power of conglomerates when they cast ballots. many are frustrated that the big business blocks are elbowing out small and medium-size companies. they want their next president to level the playing field. we'll take a more in-depth look into that issue on friday. >>> japan's next leader has been dialing up the pressure on central bankers. he says they need to do more to shore up the economy. officials at the bank of japan emerged from two days of meeting and agreed to pump money into the economy for the fifth time this year. policymakers decided to add 10 trillion yen or $120 billion to the bank's asset-buying program. they plan to add $60 billion to buy up long-term government bonds. they will spend another
their claims to territory. chinese commanders are doing more to make their presence known in the south china sea. they're beefing up their equipment as others beef up their forces. they've deployed a patrol vessel off the southern province for the first time. the maritime safety administration launched this ship, running more than 90 meters long. it has a heli pad. china is locked in territorial disputes with several countries. diplomats are expected to react strongly to deployment of a larger ship. >>> commanders in the philippines are trying to bolster their control over some islands in the south china sea. they've begun staging elite marps on the islands. senior military officials say they started deploying marines in october. they had already stationed naval officers there. the commanders say they've almost doubled the number of personnel on some of the islands. the marines underwent training to protect the territory and carrying upgraded weapons. the military is expanding a facility on the island of lawok. to manage threats from china and from north korea. the new defense minister has r
of trade, as well. yes, an ipad in china gets made and it's value point $50. but it's only about $20 of that that goes to china and the rest goes back to the u.s. we'll get into the dynamics of trade, as well, and how we measure it. we'll also be joined by the ilo director general, as well, guy rider. we'll hear from the head of the world intellectual property organization. so it's a big trade day here from geneva on "worldwide exchange." lots of great things to get into. and by the way, 157 members of the wto, shortly to be 158. kazakhstan today should get the approval, all 157 ambassadors are here. they will get approval later this afternoon. so an ever expanding membership base. >> kazakhstan being just the latest. plenty more from ross straight ahead on the program. in the meantime, we want to check in our how markets are doing. so much attention on italy. in particular, you can see the message broadly speaking this morning is in negative, we're seeing about a four to one outpacing decliners versus vapsers here. the stoxx 600 is down abo about .37%. let's take a look across the t
to have you on the show. >> honored to be here. >>> straight ahead, for all the talk on china, policy expert said their gain could be ours, too. the guest spot is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> the chinese dragon is awake and ready to roar a. new report of the national intelligence council predicts within the next 20 years china will overtake the u.s. as the world's largest economy and suggests asia in general will have more overall power than the u.s. and europe combined. but before we freak out and preemptively launch economic warfare to stay on top, our next guest says america stands to gain a lot from china's growth and china's le
beijing on china's response. >> reporter: chinese foreign minister spokesperson condemned the launch in a routine news conference. >> translator: it's regrettable that north korea went ahead with the launch despite the international community's close attention. as a member of the united nations, the north has the obligation to respect security council resolutions. >> reporter: but the chinese official expressed a kosher stance toward additional sanctions against the north. china urged north korea to exercise self-restraint. its officials had expressed hope the north would behave cautiously from the broad per suspect i of peace and stability on the korean peninsula. that the leadership in pyongyang did not heed that call and went ahead with the launch anyway. it demonstrates that china's influence on the north is limited. it should be noted here that china has been calling for more action from other countries. its contention is that the rest of the world should act to prevent tension on the peninsula from escalating further. china is apparently concerned that strong international crit
and the phillipines, both aussian members, are in dispute with china over items in the south china sea. >>> putin has voiced his hope with government under shinzo abe. he wants to settle a long-time dispute and conclude a peace treaty. putin spoke to more than 1,200 domestic and foreign reporters in moscow on thursday for the first time since he took office in may. >> i've seen that leaders want to enter into peace talks with russia. these signals are important and i appreciate them. i hope we'll have constructive dialogue. >> the two countries have been unable to sign a peace accord due to the territorial row through a group of islands. japan claims the northern territorys but russia controls them. >>> many are fearful of showing support for malala. >> the 15-year-old student was shot by the pakistani taliban in october after championing girls' rights to education. she was critically wounded but is currently recovering in the england. she hails from north western pakistan. a women's junior college in the region named itself after the teenager shortly after the shooting. the name change was a move to
the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making china's famously inefficient bureaucracy more efficient. it's an effort to "win the confidence and the support of the people" as public backlash rose against the special treatment of politicians. so a new list of dos and don't's for chinese leaders. on the do side, cut down on giving face. the art of extreme flattery or reverence, which results in some very long meetings and speeches. keep them short and cut down on the lavish feasts. he's also encouraging more travel to rural parts of the country where the real problems are. on the don't's side, stop the empty talk. in china, niceties are often more formal and exaggerated than west. another one is don't stop traffic. if you've ever been to
to accept. china is also applying pressure on its neighbor. arguing that the missile launch could violate u.n. resolutions. nhk world. >> the professor is an expert on the korean peninsula. i spoke with him to get more insight into the korean missile launch. i started with asking him the intention of north korea. >> the mostortant thing for pong i don't think is to appeal or to empathize with their own rights or so they said the most independent sovereign ty is the most important point. peaceful use of the nuclear energy and the other is the peaceful use for outer space. actually using outer space with the launch and show you the time of december. a little bit before december, south korea had time launch their own satellite. they delayed the launch and during the preparation, no one complained. no one criticized. whenever north korea did something with the missile launch, anyone in the international community cannot accept it. therefore some of them admit that north korea has a right to launch missiles into outer space. >> we are talking about two missiles. plus it's december, not the best
resolutions because it involved ballistic missile technology. china opposes a legally binding resolution. the permanent member of the security council argues such a move could prompt north korea to carry out another nuclear test. japan is working with the united states and south korea to impose additional sanctions, but tokyo's ambassador says the three countries are too distant from china's position to permit dialog. >>> the u.n. general assembly has adopted a resolution about north korea's human rights violations. the document expresses serious concern about what it describes as systemic and or systematic and widespread human rights violations. they include torture and public executions. the text also urges the north korean government to resolve the abduction of japanese citizens and other foreign nationals. a north korean diplomat has dismissed the document as political fabrication. >>> it's certainly not up to the minute, but state-run media has been much faster in reporting the results of south korea's presidential election than they've been in the past. the brief reports thursday,
by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese put aside their differences. american diplomats rely on the partners of both countries to contain it. the north koreans may be well on their way to gaining technology to launching missiles. >> thank you very much. >>> european leaders are hoping for more stability. what's the european take on the new government? >> as you know europeans have seen no shortage of instability these days. they are paying close attention to economic policies of the new government. they are expected to begin next spring. eu president said they hope ep negotiations wit
of course its friend, china is on the security council and has blocked those kind of actions in the past, jenna. jenna: interesting that you mentioned china. is there any indication that the north koreans had help from the outside? any sort of outside country with this launch? >> reporter: well there is no evidence per se but it is widely known that the north koreans could not get the parts for their ballistic missile program without having those parts flown through china, bypassed through china. there also have been reports on the voice of america that an iranian team of scientists have been seen recently, in recent days in north korea. so there is questions about the relationship between, and any help that may have been provided to the north koreans by the iranians. clearly the north koreans are very proud of this long range ballistic missile launch. the one in april failed miserably. and for the first time then they admitted that it did fail publicly. this time they extended the window and did not invite foreign journalists to watch this and simply announced when it was successful. th
. and then we'd like to improve our ties with china. as for the senkaku islands, we retain the stance they are japanese territory. we have to clearly show this policy to the chinese side. on the economic front, unless we change the current situation where annual income dwindles year after year, young people will not be able to have hope in their lives. we have to change this dire situation. that's our mission. we need to get out of the deflation as soon as possible, and that was part of our party's pledge. we will be compiling a sizeable suppleme suppleme supplementary budget. >> as abe prepares to move into the province's office, noda is preparing to move out. he's also stepping down as the leader of the democratic party. >> translator: at this time, the results of the general election are coming in, and the dpj has been handed a very stern verdict by the people. but it's the people's decision, and therefore, we take it seriously. all the results have been calculated. i have to assume responsibility for leading the party into this very serious position, and i've decided to step down
. we don't want them to be in that position where we can't do anything. >> where is china this china is so big. they could crush north korea. >> north korea gets 90% of their oil from china. if china cutoff the oil it would be in a different situation. but that's their best ally in the region. >> and china doesn't want north korea to end and the minute these people are going to move they are going to china and they don't want anything to do with themment. >> you will have this population that is so depressed they are moving to south korea and china. >> it will be like east-west germany, but with less scat porn. >> it is mostly my fault because it was in the 90s i dated kim-jong-il and it put him in a strange function. >> cash -- strange funk. >> that is the name of his next album. >> he is the sexiest man alive. >> we are missing the big story. in north korea they must have a large supply of ed schulz shows. >> i feel bad for that woman. now that she is international she is going to kim gung u.n's. >>> what are the perks of being pretty? first, if you have invisible camo, i wish we h
. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into years. still to come, didn't have to price it toward the bottom of the indicative range, maybe a sign that the appetite from the listings remains week. and managing liquidities also a priority. this week the pboc switched back to pumping money into the banking system after withdrawing more than $40 billion over the last month. reports suggest possible $1.8 billion is a moderate amount compared to what the pboc is used to putting in. andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and then it
.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of con
.s. in general is looking positive. and the u.s. is creating a lot more jobs. china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the e
in the east china sea. they'll carefully monitor how the new administration deals with the issue. japan controls the islands but china and taiwan say they belong to them. >> translator: we hope that china realizes the problems we share and deal with them properly. >> they claim that the islands are part of their test. and developing a healthy, stable and long term relationship will serve the interest of both countries. >>> more than 100 million people in japan were eligible to cast ballots in this election, but a sizable number gave the polling stations a pass. the voter turnout sank to its lowest since world war ii. officials with the internal affairs ministry say nearly 62 million people cast ballots. that's about 59% of eligible voters. it's nearly ten points lower than the level set in the 2009 lower house elections. the democrats came racing to power last time around, but they limped to the finish line in this election. we went to find out why people didn't vote for the party or didn't vote at all. >> reporter: these angels come out every hour. prime ministers in japan seem to come
the senkaku islands. japan controls the islands. china and taiwan cla them. >> translator: we haven't requested additional patrol vessels for our fleet but it's becoming necessary to add more ships and we'll need more personnel to staff them. >> disputes and missile testing in north korea make more patrols a necessity. >>> the defense ministr had to rewrite its original report after hundreds of problem were found. it's the impact of moving the station in the north part of the prefecture. japan and the united states agreed on the relocation in 2006. okinawa found more than 500 problems in the first report. the new report assesses noise disturbances over a wider area and takes into account the possibility that u.s. military aircraft could fly off course. the offials say ty will also address the problem of low frequency noise. experts say the defense ministry is expected to apply to the okinawa government to start reclaiming land for the relocation under the new cabinet. >>> times have changed for japanese electronic firms and many have lost the innation that made them successful. one
's why rates are low. the dow is 13,000, it's really only a 14pe. it's not that optimistic. >> china, europe falling apart helping the u.s. markets. >> ed, great to have you on. thanks a lot. >> thank you for having me. >> the duke and dutch chess of cambridge are expecting a baby. wonderful news. a spokesman says both families are delighted with the news. a lot of speculation saying she had a suspicious there would be an announcement. there you go. a royal baby on the way. >> martha knows more than anyone should. sales check coming up, how many are willing to get up for a new car. >> fill job openings for the holiday, you can't find anyone willing to work the lines. how about the donald as moderator? we talk with neil cavuto about the idea of putting debt negotiations on tv. check the markets, the oil market in particular, as we head off to break. ♪ there is no mass-produced human. every human being is unique. and theris one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusiv
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
with envoys from japan, the united states, china, and russia, all members of the six-party talks on north korea's nuclear program. details of the meetings haven't been released, but it's believed the five nations discussed ways to convince officials in pyongyang to cancel the launch. south korea plans to send two aegis vessels capable of tracking missiles to the yellow sea to observe the launch. the monitoring will be done in coordination with u.s. forces. defense officials in seoul are also considering raising the country's alerstatus by one notch. japan's self-defense forces are on the alert in advance of this possible missile launch. the maritime sdf vessel carrying pac-3 missile interceptors has left its home port in hiroshima bound for okinawa. the pac-3 surface-to-air missiles are capable of shooting down debris should it come near the ground. the interceptors will be placed at several sites in okinawa. defense ministry officials expect the missile's flight path could take it over the islands of okinawa. commanders say they'll deploy aegis cruisers in those waters. they say they wou
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
and move it over to china, cut your wage rate by 80%, produce there, bring the products back into the united states and then the huge new profits you make, share those with your shareholders and the executives. and that's where i disagree this globalization, free trade. they have really been unfair. one place i agree with hoffa. he was with me in the 90s. they are bringing mexican trucks into the united states, driving them on american highways, mexican drivers into rounder-cut american teamsters. i think that's wrong. i think the teamsters -- >> greta: yeah, yeah. but the united states is fighting that, they are shifty. they were saying that they were trying to prevent the trucks from coming into the country not as a trade issue, but saying it was a safety issue. there are a lot of games that the u.s. played on that. >> we weren't playing games. i said, why can't you make american teamster who is make high wages, they can't compete with a teamster in mexico who makes a fifth of the salary, driving on american highways. i think hoffa was right. but when they talk about a civi
. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot
in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff
and traveled in china. he begin to tell shin what life was like on the other side of the fence. >> translator: i paid most attention to what kind of food he ate outside the camp. >> what kind of food had he eaten? >> translator: a lot of things. broiled chicken, barbecued pig. the most important thing was the thought that even a prisoner like me could eat chicken and pork, if i were able to escape the barbed wires. >> i heard people define freedom in many ways. i never heard someone define it as broiled chicken. >> translator: i still think of freedom in that way. >> really? that's what freedom means to you? >> translator: people can eat what they want. it can be the greatest gift from god. >> you were ready to die, just to get a good meal? >> translator: yes. >> he got his chance in january 2005, when he says he and park were gathering firewood in this remote area near the electrified fence. as the sun began to set, they decided to make a run for it. >> as they ran towards the fence, shin slipped in the snow. it was a snowy ridge. fell on his face. park got to the fence first. and thrust his
look to china let's focus on belgium. >> the opposite is going to happen. china frob blee will be starving, and they will have more girls than boys. but belgium is where we should be pointing our focus. >> you know why? the chocolate. it is the chocolate. >> they are wired and ready to go. congressman, serious question, what do we need to do to be number one? take out all of these other countries. just a suggestion. not that we should, but we should. >> look, the reality is go back to the population bomb. the reality is technology has leaked us forward. how do you make sure that we as a country do the things whether it be making sure we are competitive and i won't go into my tax discussion, but we need to rebuild our tax code to be competitive with the world. >> the congressman is right. i think that we always end up -- america creates the stuff that makes the world go. we have the most freedom. people come here to make things. will this be the next steven jobs from china? i don't know. if you have a creative idea there is the ability to find capital and you are not regula
, but not included in what we know as the six-party talks, which are russia, china, north korea, south korea, the united states, and japan. we need to try to change the dynamics here, so that there isn't this provocation, because what you have along the peninsula is quite stark. you have this incredibly robust and modern south korea and this stark, dark nation directly across the dmz. >> victor, who does have influence over pyongyang? >> well, i think for many years, we believed it was the chinese. the chinese are the primary source of food and economic assistance, energy assistance to north korea. but then, again, the chinese had a high-level visit to north korea the day before that they announced that they were going to do this missile launch. so, even the chinese, i think, are quite frustrated. but at the same time, i would imagine that they're also not willing to completely abandon the north koreans, because they don't want to see instability in the north, which would then suggest instability along their border. and that is something they don't want to see. so china is really the country
obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indonesia and turkey. the rest of the world really doing extraordinarily well. connell: we like when you go global on us, charles. what do you use, google maps or apple? charles: stuart varney is probably better than me when it comes to these smart phones. connell: i do remember when you got away from the flip phone. charles: that is only because i left it in the green room. i heard someone from the smithsonian came up. dagen: charles, thank you so much. connell: let's go to this google graphic story. it is a very popular app. let's put it that way. we will talk about that coming up. more from washington, the house speaker ready to put through his own legislation. >> our hope continues to be to reach an agreement with the president what we
, calling it a violation of u.n. security council resolutions. and china, north korea's long-time ally, also expressed regret launch calling on the state to abide by u.n. resolutions. now u.n. security council diplomats have also set up an emergency meeting today at the request of the u.s. and japan. back to you. >> all right. thanks for that. >>> the senior fellow at the school of international studies at the technological university. thanks for joining us. what does this test do today? what's the impact on regional securit security? >> short term, i don't think the impact is going to be particularly severe. in some ways it's been priced in. and for once, north korea's rocket actually did what it was supposed to do which is fly south and not pass over any territory. so in that sense, the reaction can be contained. on the other hand, it caught people by surprise. and i think there will be questions ask the about how could the intelligence -- how good the intelligence was in the u.s. and south korea in failing to pick this up. >> how significant is it that this launch appears to be successful
, americans take out insurance to rebuild their lives. but in china, no such luck. after beijing's worst downpour in decades washed out this home, he and his wife had to borrow $3100 in friends and relatives to rebuild, a small fortune on his meager salary. there's no such thing as homeowners insurance, he says. the industry here has been agreeing over the past decade, but still underdeveloped with private policies largely a foreign idea. in countries like the united states, homeowners insurance replaces pretty much whatever somebody owns. about you but here there is no such guarantees, so people are forced to salvage whatever they can on their own. as more chinese get richer, many are looking for ways two o prot their wealth and lives. >> people are some savings, a first car and all that, typically insurance product is actually a very good product for them. >> right now car insurance is popular. china is expected to become the second largest insurance market behind the u.s. by 2020. and the competition is fierce, still dominated by chinese players like picc. international insurers face
before. foreign ministry officials met separately with envoys from japan, the united states, china and russia. it's believed they discussed ways to cancel the launch. the ships have technology to track missiles. they're also considering raising the country's alert status by one notch. >>> euro zone finance ministers approved a loan just last week. now the greeks have announced one way they will use the funds. what's the latest? >> one of the requirements for greek receiving the bailout fund is they cut down their debt. they will buy back government bonds a t a discount. greek officials said on monday they will purchase the bonds from private financial institutions. they will pay 30 to 40% of the original price before the bonds mature. the announcement came a week after euro zone finance ministers agreed to offer 43.7 billion euros. that's about $57 billion. greek officials said the critor institutions will receive bonds issued by the euro zone's bail out fund instead of cash. the buy back program is a condition leaders must fulfill to receive the next cash infusion. the success dep
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